It’s the perfect time of year to overhaul your lifestyle and make changes that can save you substantial amounts each month without much effort. Along with spending less on your supermarket shopping, you can switch your bank and energy providers to save automatically.
Switch your energy provider
The market for energy is highly competitive because consumers have so many options. While most people choose a provider and stay with them for many years, this isn’t always the smartest lifestyle option. That’s because energy companies reward new customers more than loyal ones.
It’s normal these days to switch your energy provider regularly. If you’ve been with the same provider for a year or two, it’s time to look around at some of the better deals. Switching to a new provider – even if it’s only for a year – can save you significant amounts on your energy bills.
Earn cash back on credit cards
Most people associate credit cards with spending and interest, but few people consider the opportunities to save with them. If you use credit cards and you pay them off in full every money, you could boost your income by using a credit card with a percentage cashback allowance.
When you spend on a cashback credit card, you can receive between one and five percent on the purchase. Usually, this money is taken off your bill at the end of the month, making your credit card bill cheaper. This process can help you save money every month to re-invest.
Get savvy with your fuel buying
With global oil prices at an all-time high and peak oil on the horizon, it’s time to get savvy with your fuel buying and look at the alternatives. If you work in commerce or agriculture, you might benefit from red diesel; the red diesel price per litre is a lot lower than conventional diesel fuel.
However, red diesel is not an option for the majority of fuel users, so what can the rest of us do? The good news is there are plenty of alternatives emerging. Biodiesel, for instance, uses animals fats, vegetable oils, and grease instead of fossil fuels, and electricity is an option.
Switch your bank accounts
It’s very easy to stick with the same bank account you have used for years; after all, everything is set up for you, and the processes are familiar. However, like the energy market, the banking market has become highly competitive in recent years, and they reward customers who switch.
If you want to increase your annual earnings, why not switch your bank account every year or two and benefit from sign-up rewards. The rewards on offer differ depending on the bank and location; in general, you can find better rewards on online accounts that have fewer overheads.
Shop smart in the supermarket
The cost of living might be rising, but that doesn’t mean you have to raise the cost of your living in accordance with it. Instead, shop smart in the supermarket by choosing simple but delicious meals made from cheaper ingredients. The money you save every year can be substantial.
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